Then paying half upon completion of the work.At the very end I have this:1.If you do not wish to comply with these remedies, you may leave the property within 30 days of the posting of this noticea.You will forfeit your security depositb.You will not be exempted from complying with the terms of the Lease agreementc.You will not be exempted for paying rent for the months that you have occupied the premises (rent will not be prorated)d.You will not be relieved of responsibility for damages to the propertye.You will not be evicted and thus will not have an eviction on your credit history if you remove all of your property from the premises within 30 days, return all keys to Landlord, leave the property as you found it (including but not limited to clean and free of debris) and do not cause any further damagesEviction is costly for myself as well as for you.

Ag Exemptions - The 3rd important change to the Texas Cash Out laws is that an property with an agricultural exemption CAN receive a cash out loan.

What I learned is that with a duplex you only get the exemption on the part you lived in.

If you're going to ask your mother to sell her cap gain tax exempt primary residence on payments, at least let her make some interest. 

What kind of taxes and or exemptions will apply in my situation?!

I am going to be exempt from rent control pretty soon here, so I'm going to be able to raise the rents in my duplex to market rate.

Once you convert a property to rental it is now an  investment property but you can still take the primary residence exemption if you qualify for it.If you don't then a 1031 might be appropriate. 

There are exemptions under this federal law for homeowners financing their primary residence, those in the business of real estate such as landlords are considered dealers.

Without a homestead exemption on the property (only available if it is the owner's primary residence) the tax rate will be approximately 2.7% (I looked this up on the Williamson County Assessor's site and it depends on the MUD, Hospital District and School District you fall into) which would be $4,050/year or $337.5/month (this may not get reassessed until next year since it is a new build and this is assuming that you will get a valuation of only the $150k not the appraised value of $168k).

I thought the new law changed the capital gains exemption from 2 years out of 5 as a primary to 4 out of the last 5?